Redfin Co. (NASDAQ:RDFN) Stock Holdings Lowered by Jump Financial LLC

Jump Financial LLC trimmed its holdings in shares of Redfin Co. (NASDAQ:RDFN - Free Report) by 84.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,948 shares of the company's stock after selling 517,852 shares during the period. Jump Financial LLC owned about 0.08% of Redfin worth $771,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RDFN. R Squared Ltd bought a new stake in shares of Redfin during the 4th quarter worth $33,000. US Bancorp DE lifted its holdings in shares of Redfin by 48.3% during the fourth quarter. US Bancorp DE now owns 5,522 shares of the company's stock valued at $43,000 after purchasing an additional 1,799 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Redfin by 76.3% in the 4th quarter. Blue Trust Inc. now owns 5,822 shares of the company's stock valued at $46,000 after purchasing an additional 2,520 shares during the period. AlphaQuest LLC increased its stake in Redfin by 87.8% in the 4th quarter. AlphaQuest LLC now owns 7,086 shares of the company's stock worth $56,000 after purchasing an additional 3,312 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Redfin during the 4th quarter worth about $81,000. Institutional investors and hedge funds own 61.07% of the company's stock.

Redfin Stock Performance

Shares of NASDAQ RDFN opened at $8.76 on Wednesday. The business has a 50 day simple moving average of $9.03 and a 200 day simple moving average of $9.02. Redfin Co. has a 52 week low of $5.10 and a 52 week high of $15.29. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -6.84 and a beta of 2.56.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup dropped their target price on shares of Redfin from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Piper Sandler upgraded shares of Redfin from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $4.00 to $12.50 in a research report on Tuesday, March 11th. Susquehanna decreased their target price on Redfin from $10.00 to $7.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. DA Davidson reissued a "neutral" rating and set a $7.25 price target on shares of Redfin in a research report on Wednesday, February 19th. Finally, Gordon Haskett upgraded Redfin to a "hold" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.25.

Insider Buying and Selling at Redfin

In other Redfin news, insider Christian John Taubman sold 16,209 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $11.15, for a total transaction of $180,730.35. Following the transaction, the insider now directly owns 74,616 shares in the company, valued at $831,968.40. This trade represents a 17.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.40% of the company's stock.

About Redfin

Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates and sells mortgages.

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